Egypt & the IMF: Conditions As Usual
The negotiations for a potential loan from the International Monetary Fund (IMF) to Egypt have been one of the most contested issues in the country since the January 2011 revolution.
The negotiations for a potential loan from the International Monetary Fund (IMF) to Egypt have been one of the most contested issues in the country since the January 2011 revolution.
Everyone in Egypt is bracing for June 30. Demonstrations against President Mohamed Morsi on the day marking his first year in office were always expected, but a grassroots campaign has reinvigorated a waning street movement and has provided an initiative embraced by most of the country’s opposition.
Mahmoud Badr, one of Tamarod's five founders and the movement's official spokesperson sits down with MEI to discuss Tamarod's origin, aims, and roadmap for political transition. Badr delves into the current pitfalls of Morsi's regime, his expectations for June 30th, and the reform he sees as central to Egypt's future. A journalist and broadcast media producer by trade, Badr is also a coordinator for the opposition movement Kefaya and was part of Dr. Mohamed El Baradei's "Bid for Change" campaign. Video by Dina Hussein.
Less than 30 months ago Egypt was brimming with enthusiasm and optimism. Not only had it ended three decades of Mubarak rule, but it had done so essentially peacefully and at the hands of young Egyptian professionals who, it was believed, could walk Egypt toward a freer and more prosperous future. Today, the country is politically polarized and it faces the worst economic crisis since the 1930s. A severe sense of frustration and dark pessimism prevails throughout the nation.